Receivables - EBS (MOSC)

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Forex Gain/Loss on Misc Receipts

edited Feb 22, 2012 5:49PM in Receivables - EBS (MOSC) 6 comments
Hi

I am surprised to know that oracle dont generate forex gain/loss if you do receive foreign currency as miscellaneous receipts.

We are using oracle 11i [11.5.10.2]

Let me know if i am wrong.

For exampe:

Functional currency : SGD

01-Jan-2012 : Misc Receipt - 100 USD [conversion rate 1.25]

04-Jan-2012: Cleared in Bank -100 USD [conversion rate 1.30]

That gain of SGD 5 never get accounted as separate forex gain or loss account in receipt accounting

Rgds

Raj

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